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is the disposable income after that payroll tax disappeared? continue negotiating. 82% is a proof of the way congress does its job. joining us now from washington, d.c. is steve moore. senior economics writer at the "wall street journal." will compromise and improve their standing in the eyes of the american people? i highly dow it. >> let me bring you up to date. there is still black smoke coming out of the capital. we still have not seen a senate budget. by 4:00 o'clock or 5:00 o'clock tonight, maybe. hold onto your hats, we make it a set budget. that would be quite a rare occurrence on capitol hill. people are extremely angry about the budget situation. they are extremely angry apple parties because of the accumulation of debt. they do not seem to be doing anything to stop this tsunami of red ink. washington is incomplete disarray. what do we do in november? we reelected 96% of these people. the numbers do not add up. dagen: i completely agree. if you look at the proposals from paul ryan and the senate democrats, where do you think there is room for compromise? >> i have looked through bo
to include tax expenditures, a large part of our federal expenditures in the tax code. and the military also needs to be part of deficit reduction. we also need to do this in a select way. these across-the-board sequestration cuts are not how we as well govern. we should be specific as to which programs are priority programs and which programs can be cut. i think that's where we are trying to find common ground between the democrats and republicans. there are discussions taking place among my colleagues on both sides of the aisle to try to find that common area of agreement. >> shannon: we all as americans wish you the best. i want to give you a chance to respond to criticism from jeff sessions. he says the senate budget, proposed and voted on by the committee is full of gimmicks and raises taxes by $1 trillion and increases spending and has no plan and makes no claim to ever balance the budget? >> well, the democratic budget from the senate -- it has more deficit reduction than the simpson-bowles proposal that we all thought was the right framework, just 2 years ago, so i think it is seriou
challenged him on spending, taxes, a balanced budget and even closing the white house to public tours. for more insight on what the someone like we're joined by congress warm candice miller. miss miller, thank you. what was your particular gripe at mr. obama today and how tough of that meeting? >> well, you know, i guess it's his charm offensive and actually i think it's working because i think he's becoming charmed by the house republicans. >> but you went after him. >> i asked him a question that we are just getting bombarded with here on capitol hill. i said mr. president we're all dealing with sequestration, the house members have taken a 5% than 6% and now a 8% cut to our own budgets. we're dealing with the sequester best we can. no one has ever thought or made any mention about closing the capitol or capitol visitor's center or this beautiful house office building you see in the rear. nobody said that. mr. president, if you have to close the white house to tours and you need money take it out of our hide that's exactly what i said to him. i said we don't have to come to the whit
if republicans agreed to new tax increases. we have heard this before. however, the white house put a positive smpin on the meeting calling it a good substantive exchange and called it a good conversation. the president admitted more with abc news there is more to be done. >> ultimately it may be that the differences are just too wide. if their position is we can't do any revenue or we can only do revenue if we gut medicare or gut social security or medicaid. if that is the position we probably will not be able to get a deal. >> if your piece up on politico read conflicting reports, some say it was more of the same from the president and others say it was a step in the right direction for him to come up to the hill and visit bus. anything come out of this meeting yesterday and the ones that will follow today and the rest of the week? >> i would just replay that clip over and over and over again and that tells you everything you need to know about the next year. the president wants tax increases and he does not want to do a bill with big changes in entitlement reforms. republicans don't want ta
that the consumer is susceptible to some of the headwinds out there, whether it's gas prices, the payroll taxes, or whether disruptions. >> lorwer income americans seem to be the most fragile, on tuesday charles holly said taxes are his shoppers number two concern, adding it's the first time in a long time taxes were a top concern at all. itg investment research chief economist steve blitz says this retail sales report illustrates two separate consumer groups. with higher income americans spending on autos and building supplies while lower income americans continue to be adversely impacted by higher payroll taxes, rising gas prices and delayed tax refund checks, a sentiment echoed by the national retail federation. for "nightly business report," i'm courtney reagan. >> as courtney just mentioned, consumers are spending on housing and garden supplies. coming up, we'll take you behind the scenes of the home depot product walk. it's where companies showcase their hottest home items for this spring. >>> chief executives of some of america's biggest companies are optimistic about the u.s. economy, e
a plan for the new budget, including new taxes. how much you ask? reaction from one of the top republican leaders in the house on that dollar figure. martha: how about this? there is a report out there that a hacker is giving out confidential memos on the terror attack in benghazi. how could this have happened when lawmakers and the victims families still do not have any answers in terms of what they have been demanding? big questions this morning. john bolton on that. >> the security in benghazi was a struggle and remain ad struggle throughout my time there. the situation remained uncertain and the reports from some libyans indicated it was getting worse. diplomatic security remained weak. in april there was only one u.s. diplomatic security agent stationed there. ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ given way to sleeping. tossing and turning have where sleepless
before from republicans. is that true? >> largely true but there is one huge difference. that is the tax increases that have already gone into effect on january the 1st. paul ryan budget accepts the increases. it does not attempt to change them. in other words he is not rehashing the whole fiscal cliff debate. he is accepting that, yes, we've got these higher tax rates in place. we all keep them. that's a huge difference from where he was before the election. martha: he includes tax cuts, tax hikes, i should say but doesn't include obamacare. he would like to see that go. >> he wants that out of here. >> stuart, thank you very much. bill: you've been waiting 1400 days and finally we got a budget. so now we know. martha: it is exciting. takes less time to pick a pope. put it that way. at least we think so. bill: in the modern day. martha: exactly. bill: in "america's newsroom" the new polling shows public view since the election. is the honeymoon over? some numbers tell a very interesting story on that topic. martha: this one is not going away, folks. the fight whether or not you can brin
medicaid turns medicare into a voucher program. it gives the wealthiest of americans yet another tax break and it repeals obamacare. it will get passed by the house. it will go nowhere in the senate. it is dead on arrival. but the republicans keep putting this out there. we will tell you about that and, of course, take your calls and get you a chance to get involved in the conversation. give us a call on our toll-free line at 866-557-7377. did we tell you? it looks like there was life on mars. whoa! coming up on current tv. [ music ] (vo) current tv gets the converstion started weekdays at 9am eastern. >> i'm a slutty bob hope. >> you are. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. this show is about analyzing criticizing, and holding policy to the fire. are you encouraged by what you heard the
, again, if the president wants to let our unwillingness to raise taxes get in the way, then we're not going to be able to set differences aside and focus on what we agree on. and my take away was that. >> frank and candid are always interesting diplomatic code words when year overseas. thiser boehner in today's "the washington post." for all of washington's focus on the president's outreach to republicans, it's his engagement with members of his own party n that will determine whether we succeed dealing with the challenges facing our economy. the fact is there are folks on both side of the aisle that talk a good game on the idea of reforming medicare or doing something about social security, nobody wants to own the plan. they want to agree to it reluctantly to a plan brought up by the other side because here's another fact. medicare and social security are universally popular and even in a republican primary getting caught messing around with social security without a reason is bad politics. so any time you hear this from either side, the other side needs to lead, translation
the ryan plan and murray plan, that would create a fast-track process that would allow big tax and entitlement package to happen but that will obama happen, chris, if both parties agree and, of course, that has just not happened so far. >> yeah. speaking of not agreeing, let me play for you what paul ryan had to say this morning on "morning joe". >> i don't think patty's budget gives a lot of room for that common ground but i think this is where the president can get engaged, which is we can find common ground on spending cuts towards getting our debt stabilized. >> shira, will the budget process lend itself to negotiating? >> i don't think the regular budget process lends itself on this scale. two sides are so far apart right now. that said, i'm not even sure the president is the right person to negotiate any kind of package right now. we'll see how his visit goes with house republicans today. i'd love to be a fly on that wall in that room to see how that goes. i don't know if he's in the right position to do it. i think it needs to come, if anywhere, from the senate side. the
with your tax dollars. now more than 300,000 federal contractors are dodging paying their taxes if you can believe this story. a democratic lawmaker is going after those workers and she will join us next. bill: also this picture became a symbol of washington waste after taxpayers paid for a lavish las vegas conference. government workers attending there including this guy in the hot tub. wait until you hear what this federal agency is doing now. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >> announcer: meet mary. she loves tohop online with her debit ca and so does bill, an identity thf who stole mary's identity, took over her bank accountand stole her hard-earned money. unfortunately, millions of ericans just like you learn misplaced information to wreak havoc on your life. this is identity theft and no one helps stop it better than
.85 trillion off the deficit over the next decade. it does so by raising nearly $1 trillion in new tax revenue, by cutting tax expenditures, and closing loopholes in the tax code and cutting $733 billion in spending. the remainder of the package is made up of savings on interest payments. murray's budget includes $275 billion in some health care cuts, less than the $400 billion the president previously put on the table and what he talked about in the state of the union. it includes $240 billion in defense cuts. senate democrats also propose $100 billion on new stimulus spending on infrastructure projects. >>> the budget includes no change to social security. the president reportedly faced some skepticism yesterday when he spoke to senate democrats about potential plans to switch to a, quote, chained cpi, which could lower the rate at which social security benefits are increased and cut the cost of the program in the long run. this morning, the liberal "huffington post" has a banner headline quoting senator tom harkin. quote, he said he hopes we reach some grand bargain. but what is in that gra
: tax time. hate to remind you about that, but millions of americans are preparing to pay uncle sam. they're looking for a tax break as well, like the government tax credit. as much as $7500 for environmentally friendly electric cars. while ads say these cars produce zero emissions, our next guest says that may not actually be the case. in fact he says green cars have a dirty little secret and tax breaks for them may not be in the best interests for taxpayers. he is the author of, cool it, skeptical environmentalist. he wrote an article in the "wall street journal" just the other day, the dirty secrets about electric car. what is a dirty little secret about what is supposed to be a clean car? >> they don't emit co2 when driving on the road but they take up a lot of co2, fossil fuels when they're being produced. they take up as much as it would take to drive 80,000 miles when it gets produced because battery are incredibly energy costly to produce. then at the same time, of course you actually recharge them with electricity. that is also mostly produced with fossil fuels. jenna: so i
a budget proposal yesterday. without adding additional taxes. expected to release proposal soon. with it may come nearly a trillion dollars in additional taxes for americans. joining me now is congressman of chicago. congressman, talk to me first about the democrats plan. we are reading it could include another trillion dollars in tax increases. is that true? >> i think it will be a balanced plan. when you look at what we have done already and we have done about 2.5 trillion in deficit reduction, it has been far more waited. this will continue to have a balanced program going forward. it is a bit of a retread to what they did before the last race. melissa: they will have to be reconciled. let's talk about adding more revenues or tax increases. do you think they can really handle more given this economy? >> i think we can get rid of the special interest tax loopholes. melissa: are you talking about changing to ordinary income? that $21 billion makes a lot of difference. it may make a difference whether we have a medicaid program that can help meet the needs of the people falling
happened in benghazi because hillary clinton's e-mail has been hacked. >> brian: it's taxes versus entitlements on capitol hill today. republicans and democrats present their budget plans. but which one is better for your wallet? if you like a light wallet, one might be better. if you want within filled with money, one might be better. >> steve: i want the george castanza wallet. tv anchors are supposed to be ready, aren't they? >> we have breaking news to report to you. fox 54 has just learned that a huntsville news anchor is being proposed on live -- right now. (scream). >> brian: that is great. >> steve: oh, man. meet the anchor who got the surprise of her life on live television. >> brian: that is awesome. >> steve: it is. "fox & friends" hour two for tuesday starts right now. that's why you got to be really careful. we're very trusting of the people behind the scenes who put things in the teleprompter. >> what's funny is it took her a second, you know, fox anchor is being proposed -- oh it came out and then she realized. that's what happens with breaking news. >> brian: you se
. republicans falsely claim democratic budget increases taxes by $1.5 trillion. as you know the republicans have spent years pressuring democrats to write a budget so they can criticize it and attack it -- so they are assuming the sequestration stays in place which everybody thinks is dumb. so if we're just going to have these fault math arguments i don't know how we're going to get anything done, do you? >> and the false math goes even further, stephanie. their budget wants to reduce the rates on the top wage earners, but they don't tell you how they are going to do it. but in the end it give people who make over a million dollars a decrease in taxes every year. so $200,000 more in tax breaks for the richest -- >> that sounds fair. >> it makes no sense. and then when you ask how they are going to do it? they still protect the tax exemptions for companies who send jobs overseas oil companies, corporate jets -- it's almost too hard to debate something that is this silly. >> stephanie: i know you new there, but do you see any way out of this, that we we -- literally are s
billion. >>> a new report shows three of the four companies paying the most in corporate income tax are based out here in the bay area. fourth on the list is wells fargo which paid did the 9.1 billion in income tax. apple ranked third, paying more than 14 billion and chevron in san ramon paid $20 billion in income tax last year. that puts it second overall, the biggest rival of texas topped the list and paid $31 billion. >>> the chp investigates whether reckless driving may have led to last night's fiery crash in walnut creek that killed a motorcyclist. it happened on 680 south of rudgear road around 6:00 p.m. the crash involved four cars, one of which burst into flames. witnesses say the motorcycle and another vehicle appear to be driving recklessly before that crash. services are scheduled today for the three people killed in a daly city crash earlier this month. a viewing is scheduled for 50- year-old yosefa acevado and her 23 and 15-year-old sons. funeral services are scheduled tomorrow. police say the family was pulling out of their driveway when their car was hit by 23- year-o
overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means government cash for pensions, welfare, and health care could dry up as early as may. parliament voted less than an hour ago, following to be would days of high drama, handing the government and brussels a resounding defeat with no delegates voting in favor of the plan. 36 no votes and 19 abstentions. >> the house speaker had urged mp's to say no to blackmail in the vote on the bureau's own bailout package. his words clearly catching the angry mood in the chambers and on the streets. outside the parliament building, angry crowds also called for a no vote and held up signs, warning that other nations like italy and spain could be next in line. for the latest, le
paying the most in corporate income tax are based out here in the bay area. fourth on the list is wells fargo which paid did the 9.1 billion in income tax. apple ranked third, paying more than 14 billion and chevron in san ramon paid $20 billion in income tax last year. that puts it second overall, the biggest rival of texas topped the list and paid $31 billion. >>> the chp investigates whether reckless driving may have led to last night's fiery crash in walnut creek that killed a motorcyclist. it happened on 680 south of rudgear road around 6:00 p.m. the crash involved four cars, one of which burst into flames. witnesses say the motorcycle and another vehicle appear to be driving recklessly before that crash. services are scheduled today for the three people killed in a daly city crash earlier this month. a viewing is scheduled for 50- year-old yosefa acevado and her 23 and 15-year-old sons. funeral services are scheduled tomorrow. police say the family was pulling out of their driveway when their car was hit by 23- year-old dennis macedo. po
butts to pay taxes, they're not, federal workers, congressional staffers and white house employees should pay their bills. >> they absolutely should pay their bills. >> should. >> what do you think, jonathan? >> yes, this is animal farm once again. the animals are equal except a few of those in washington d.c. a little more equal than the rest. >> wayne, what's your pick for the week? >> before that, you've got remember something, with timothy geithner who is the secretary of the treasury, he didn't pay his taxes, you remember, he got caught on that, it's outrageous and my pick, i'm not committing a lot of money-- new money to this market. i've got old money there, but i like, if you want to take a gamble, shfl a gaming stock. >> and john, yours for the week? >> a bunch of municipal band funds hit 52 week lows, i think a canary in the coal mine for higher interest rates. i think 2001, 2002, and higher rates, sag up with interest rates and hold it in my fund. >> we'll keep an eye on that. thank you, gang and remember, we're here to keep an eye on your cash and your taxes because the
country to get a bailout. very controversial because it includes a tax on bank accounts. over the weekend, nervous cypriots ran to the atms to with draw large sums. lawmakers holding a hearing today in the u.s. on the us airways/american merger. a senate judiciary committee looking into the impact the deal might have on competition. the ceos of both airlines will appear. many analysts don't expect ticket prizes to rise, because there isn't much overlap between usair and american. still airline mergers are often heated and messy. complaints about lost bags, screwed up reservations, delayed flights typically soar after two airlines combine their reservation systems. we'll continue to watch the big airline merger. >> always has the potential to be a hot mess. >> yeah. >> take a look live at the vatican. the pope now greeting the leaders from around the world. we'll tell you what he says in his next -- before his inaugural mass this morning. take you back live to rome coming up next. and then today marks ten years since the invasion of iraq. coming up john's powerful conversation with america
pipt taxes, opposing them. talking about repealing obama care. opposing it. that's what they do. that's ahead. this is "hardball," the place for politics. as your life and career change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ you know it even have someafter all these years.? but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be m
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revenue mostly due to closing the tax loopholes on the rich. adds $100 billion in stimulus spending. compensates for the $85 billion loss of a sequester and fights unemployment and cuts $975 billion in spending. for more, let's go to our old friend, florida democratic congressman, your friend and ours alan grayson, good evening, congressman. thankthankthank you for joining us. >> thank you. >> john: paul ryan wants to cut while repairing the social safety nets. wouldn't cuts of that size pretty much slash the safety net? >> absolutely. look, let's start with the affordable care act. he wants to eliminate the affordable care act, repeal it but he wants to count all of the billion dollars in affordable care act down to -- in order to say that he's paying down the deficit. let's talk about medicare. in order to save that program he's going to destroy it. he's going to eliminate every single guaranteed benefit under medicare, replace that with a check that everybody knows will not be enough to get the same benefits. >> john: exactly. >> in one case after another you look at his principl
no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations. and the usps says it makes more money than it spens because of the networking that happens here. critics point out the post office is a monopoly that shouldn't need to spend millions of dollars to network. they say that given the agency is $16 billion in debt, the usps is out of touch. >> we are a nation in austerity. the postal service is deep, deep in the hole. toe to see they are having a lav inch conference with golfing outings and a dance party -- it is beyond the pale. >> reporter: in a letter he fired off to the post master, a congressman said, quote, spending millions to participate in a conference seems to exhibit extremely poor judgment by usps judgment... it is getting close scrutiny in washington, as the house oversight committee holds formal hearings into wasteful travel by governmenties. >> jamie: cloud claudia, great to see you. thanks. >> eric: so you are building your financial nest egg for years, but what if life takes an unexpected turn and have you
to tax themselves, saving the city millions. his winning argument that made the bay area proud. >>> plus, after a beautiful weekend across the bay area, there is rain in the forecast. meteorologist rob mayeda tracking the system. find out if it's going to affect your commute. >>> secrets of the bay area were revealed this weekend when historic artifacts from the infamous escape from alcatraz and the presidio were made available. >> the national park services opened its archives to the public. joe rosado takes us inside centuries of history. >> reporter: some of the bay area's national parkland date back over 200 years. but as we all know, history isn't just measured in time. it's measured in stuff. >> we have millions, literally millions of pieces of historic documents. many of those came from the army. >> reporter: a former cavalry stable in san francisco's presidio is now home to the national park service's archives for the gelden gate national recreation area. it's a smorgasbord of more than six million items dating back to the bay area's military history, which have here ranging from
taxes, do they believe that the democrats will just cave with no compromise? >> alex, you may know i was one of the few republicans who was saying that we a bit more revenue, but also through tax reform. i made that case all the way up to the fall. and when begot up to the fiscal cliff, i was hoping that the agreement would incorporate spending reductions as well. it was $73 billion of increased taxes. so i voted no for it. i'm really asking me democratic colleagues to help us address spending, our budget goes up by about 3.45%. both of them go up, it's just that the democrats are going up really far higher. >> but representative ridgeal, are there others who are like minded like you in the party? how many? >> but there are some, but i do want to make the point who are that it truly is spending that's driving this train and i was very disappointed in our president when after the election, he put it this way, he said we need to begin to take a look at how we reform titlements. this was after he had been in the office for four years and i had an opportunity to speak with the president
at this point. >>> h&r block software glitch is delaying some 600,000 tax refunds up to six weeks. you're affected if you claimed education credits using form 8863. they say you're okay if you filed after february 22nd. the problem is fixed now. it is working with the irs to get people their money as fast as they possibly can. >>> a 16-year-old allegedly rained by two star high school football players in ohio town in shock and outrage as the trial opens. next, the latest from steubenville and we will hear from our legal experts. stay with us. [ male announcer ] if she keeps serving up sneezes... [ sneezing ] she may be muddling through allergies. try zyrtec®. powerful allergy relief for adults and kids six years and older. zyrtec®. love the air. and kids six years and older. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or m
-income families, while lowering taxes for the wealthiest people at a time which wl the rich are doing phenomenally well. one out of four major corporations is paying nothing in taxes. my hope is that we can in fact develop a strong budget which is based on revenue and judicious cut cuts. >> when i see her saying she is open to chain cpi, if she, obama, republican leaders get to a deal, it will include chain cpi or something along those lines. would you as a senator, if that becomes the deal that they all work out, would you use the power of filibuster, do you feel strongly enough to stop anything that touches entitlements? >> i don't want to speculate on a line athletic cal. the so called chain cpi would mean if you're 65 years of old, by the time you're 75, you'll get $650 less than you would have gotten. by the time you're 85, $1,000 a year less. if you're a senior citizen in the state of vermont trying to live on $15,000 a year, that's a devastating cut. let me say as chairman of the senate veteran committee, this will mean devastating cuts for disabled veterans fork widows who lost their husba
not on a sustainable fiscal path because of the tax cuts because of the unpaid four wars because of demographics. so we need to do two things at once. we need to support the economy in the short run, investorring in infrastructure putting construction workers back to work, making america important competitive in the future and also address the problems causing a long-run deficit which are healthcare rapidly growing healthcare costs. we can improve our tax code by closing all the tax loopholes that we have. that's what the president has been focused on since frankly since i started working for him back in 09. >> rose: do you believe, are you hopeful that somehow the capitol, the dinners the lunches that are taking place that there's somehow a change in the dynamic of the conversation? >> i think the president is willing to try whatever will work. i think that it's a pretty high hurdle he's facing. i say that because the president worked awfully hard because of the congressional leadership to reach a grand bargain. we set as a goal as a number of others have to rules the deficit by 4 trillion dollars ov
. it will call for about $1 trillion in new revenues by closing tax loopholes and about 1 trillion in spending cuts at the same time but no structural changes to medicare and the question is will that get -- do either of these plans get anybody anywhere or is everyone talking to themselves? >> they're talking to themselves. we discussed it yesterday. in the last negotiations you still have the fact there are republicans who think that the republicans gave too much and then there are democrats who think that the democrats didn't get enough. so you have those clashing interests. >> i think what happened in january kind of derailed everything because by having these incremental advances instead of a grand bargain throws off the possibility that you do get the grand bargain. you see both sides digging in making sure they respond to their base saying the types of things that their base wants to hear. >> there's a good piece in politico. i don't know if you saw it that michael allen wrote that really sort of walks through why the grand bargain may never happen and i think -- i don't know if it's ben
almost $1 trillion in new tax revenue. closing loopholes on the big corporations, in many cases don't even pay taxes. republicans are already blasting the plan. they support congressman paul ryan's budget proposal which seeks to balance a budget without any new taxes, only spending cuts. it also calls for repealing president obama's healthcare overhaul, something that democrats say, well, frankly, it can't happen. mike emanuel with the news live on capitol hill tonight. it was the democrat's turn. what did they say. >> the white house put out a statement concrete plan boost the economy and reduce deficits. today the chairman of the senate budget committee made her pitch. >> our budget reflects the pro-growth, pro-middle class agenda that the american people went to the polls of in support of in the last election. and i believe it is is a strong and responsible vision for building a foundation for growth and restoring the promise of american opportunity. >> though senator murray and white house like it not clear how senate democrats up for re-election 2014 will feel about voting on a
a tax hike, that drove us far into the red. but other numbers are more horrifying, roughly 800 americans lost limbs, many tens of thousands of more are fighting ptsd, dealing with traumatic brain injury, and the iraqis are still suffering. the wave of bombings in iraq marked the tenth anniversary. dozens died. this was last week, a bloody reminder of the human cost since march 19, 2003, when the first u.s. bombs fell. in the wake of 9/11, president bush and secretary of state colin powell made the case that saddam hussein was set to use weapons of mass destruction. the u.s. invasion was easy, but the mission was not accomplished by that may, even though some insist today u.s. forces did succeed. war planner douglas fife. >> saddam was in fact an extremely dangerous guy. >> martin dempsey. >> today we have in iraq a partner, not an adversary. >> reporter: but 2003 to 2008 was a nightmare of roadside bombs and civil war. a hard lesson. >> we went into iraq without a real plan for how to stabilize the place afterwards. >> reporter: 100,000 iraqis died. nearly 4500 americans lost their lives
in the bank will be taxed on them. under $130,000 it's a 6.75%, over $130,000 a 9% tax. and of course this is going to hit ordinary depositors, moms and pops, poor businesses, anybody who's got a bank account in cyprus is going to have to pay this tax. and it changes a fundamental principle of all bailouts so far. it is hitting the small people, the private investor, the private depositor. >> look at the other countries that have been bailed out. greece as a prime example where wages and retirement was slashed by more than these people are going to pay, which is a -- >> no, no, no. no, michael, it's not -- in cyprus case it's not an either or all, it's going to be a both. not only are they going to face this tax to help make up a shortfall, they're also going to have spending cuts and the government cutbacks, they're also going to have the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as bailing out r
a one-time tax on bank accounts. why investors are around the world including the united states are growing more concerned about what is happening in cyprus. >> we're following a developing story in nevada where a military training exercise has ended in tragedy. the marine corps says seven marines were killed in an explosion. authorities investigating the exact cause which could include a related traffic accident. >> all this happening at hawthorne army depot in western nevada, 140 miles southeast of reno. helicopters brought in to take those patients to area hospitals. >>> at least 48 people today were killed in a wave of deadly attacks across iraq. >> in all, 17, yes, 17 car bombs, 7 roadside bombs and 2 shootings, this all coming of course on the tenth anniversary of the u.s.-led invasion of iraq. >> a live report from baghdad at the bottom of the hour. ♪ >> the trumpets sounding in the vatican, today marks the official start of pope francis' papacy. >> thousands of people, francis was inaugurated. the bishop of rome. >> francis cruise through st. peters square, in an open
million. now, experts say it will be closer to $172 million. and the hotel revenue tax the city was told would be $12 million and change is now projected to be about half of that amount. >> i believe that if larry ellison wins it it's going to be back and be 10 times as exciting next time. >> would you ever volunteer for this job again? >> if i want to stay married i won't. >> it's not just the fund raising failure that's upset the supervisor. he pointed out wage agreements have not been honored and $400,000 in back wages is owd to 113 workers. that is part of the story we're working on for abc 7 news at 6:00. >> looking forward to hearing more from you, mark, thank you. the secret service launched an investigation into hacker claims they gained private information about political leaders. this is information posted on a web site and eqifax confirm the profiles of four high rove yil clients were accessed. in an exclusive interview with abc news, president obama confirmed an investigation but would not say whether the information posted about his wife was authentic. >> today democrat lawm
. to bury the economy? >> dana: the goal initially was to raise taxes, which they accomplished in january. when the fiscal cliff thing did not happen. that's why we had the sequester now. do you think he is pivoting to say we shouldn't worry about the debt that much. in the immediate term. as a second term president, aren't you supposed to govern for the longer term and focus on a better course? >> bob: accept now that everyone freaked out about a deficit that does not matter. i ask this question over and over. i'll ask it again. what was it today when you woke up in the morning about the debt that affected your life? the answer is absolutely nothing. the idea of trying to balance -- >> dana: if you're unemployed it might. >> bob: no. no. it has nothing to do with being unemployed. >> eric: you can't throw that premise out there on the table that unaffecteded by the debt. the china says we won't take 3% for the money, we want 6% or 9% or 10%, we're done. game over. they win. >> bob: they destroy themselveses in the process. >> kimberly: bob as a popular opinion for democrats. debt don't m
, given republican opposition to higher taxes. >> ultimately, it may be that the differences are just too wide. if their position is, "we can't do any revenue," or, "we can only do revenue if we gut medicare or gut social security or gut medicaid," if that's the position, then we're probably not going to be able to get a deal. >> reporter: after the president left, house speaker john boehner replied that it's mr. obama who's the obstacle to getting a deal. >> we have a spending problem. we have to attack the spending. and the president understands, yeah we've got some long term spending that we need to deal with. but he's going to hold hostage the fact that he wants to raise taxes on the american people again. that's not going to get us very far. >> reporter: some republicans, such as house budget chair paul ryan, on msnbc today, also questioned whether the meetings with lawmakers are just for show. >> the question is, is he going was the so-called charm offensive a temporary, you know, poll-driven political calculation, or was it a sincere conversion to try and bring people together and
check, zero. no new taxes under any circumstances. yesterday paul reid offered a budget that zeroes out the president's health care plan. texas senator ted cruz even proposed a plan to defund obama care himself. with polls showing the president's approval rating dropping, a "washington post" poll put it at 50%, 5 points from a month ago, republicans have decided to stick to their own playbook, obstruct everywhere, hope some of the mud that covers them sticks to the president. steve schmidt is former senior adviser to the mccain/palin '08 presidential campaign and senior strategist on the bush/cheney '04 presidential campaign. robert gibbs was senior adviser for president obama's 2012 re-election campaign and served as white house press secretary. of course, both are now msnbc colleagues. in fact, analysts as well. thank you. steve, i want to start by throwing some dirt ball at you. i don't know how you're going to catch this one. >> yes. >> as we've all watched for the last two or three months now since the horror at newtown, connecticut, where all those 6 and 7-year-old kids were slaug
-term spending that we need to deal with. but he's going to hold hostage the fact that he wants to raise taxes on the american people. >> again, if the president wants to let our unwillingness to raise taxes get in the way, then we're not going to be able to set differences aside and focus on what we agree on. >> so with -- obama himself down played the outreach during remarks last night to his policy armoring for ak action. >> the press in washington has been reporting about obama's charm offensive. all i've been doing is calling up folks and trying to see if we can breakthrough some of the gobbledygook of our politics here. >> joining me this morning is tennessee republican congresswoman diane black who is scheduled to speak tomorrow at cpac and she attended yesterday's meeting president obama. it's great to have you here. i want to start out talking about speaker boehner. he has an op-ed out today in the "washington post" saying that for all of washington's focus on the president's outreach to republicans, its his engagement to members of his own party determines if we succeed. this was sai
gas. the parliament of cyprus voted to reject a bill that would tax bank deposits in order to qualify for an international bailout package. to receive $13 billion from the e.u. and the international monetary fund, cyprus has to raise $7.5 billion on its own. but taxing people's bank accounts proved unpopular, even when the provision was added to shield small savers. banks across cyprus will remain closed until thursday to avoid a run on cash. uncertainty about the cyprus situation set markets around the world and on wall street on edge. the dow jones industrial average gained more than three points to close above 14,455. the nasdaq fell eight points to close at 3229. seven u.s. marines were killed after a mortar unexpectedly exploded during a training exercise in western nevada. military officials said that prompted the pentagon to halt the use of the mortar worldwide until an investigation can be completed. the accident happened last night at the hawthorne army depot. the marines who were killed were based at camp lejeune in north carolina. seven other marines and sailors were injure
swallowed a man in the middle of his golf game. trapped in a pile of mud 18 feet below ground. >>> and a tax season snafu causes refund delays of more than a month. find out if your refund is one of them. live in the cnn newsroom. >>> good morning. thank you for being with us. i'm carol costello. we begin this morning at the vatican, where billowing black smoke reveals the catholic church is in search of a leader. cardinals have voted three times now and have not selected a new pope. things get even more interesting. the cardinals enter the conclave with no clear front-runner and we are wondering, if the election is deadlocked or if they are ziering in on a successor to pope benedict. chris cuomo, let's start with you. the cardinals breaking for a long lunch. how much has this process been pushed along? >> well this is the most important part of the day you could argue, carol. they are not allowed to politic in the conclave. more of a religious ceremony than a convention this is their chance. they eat, rest, move around, go in different rooms. we are told, of course, they take time to pray.
's described as about as complex as doing your taxes and that's only the first part of the process toward getting your new obamacare health insurance. trace gallagher has more from our west coast news room, trace. >> reporter: if i can, megyn, take you back to when then speaker nancy pelosi said this about obamacare. >> we have to pass the bill so that you can find out what is in it away from the fog of the controversy. >> reporter: well, how is this for getting through the fog of controversy? if you want to find out what's in the bill, take a look at this, right? there's a little itty bitty pile on the right. that's the actual bill. that's 2700 pages. now, the original bill, there it is, that thing next to it, that tower, seven-foot tower, that's 20,000 pages, that's the regulations that go along with obamacare. now, of course that's silly, none of us has to go through and read that thing, right? if you want to apply for obamacare in the form of medicaid or the children's health program, you will need to fill out this 21-page health and human services application and you might need a l
live in antioch support a tax to pay for more police. the city council is considering three different ways to boost the city's ability to police itself. one would be a sales tax although the exact amount of the tax is unclear so far. another would be a $240 a year business license tax. there's also a proposal for a tax on landlords. any tax measure would likely be on the november ballot. >>> it is 7:12. the number of cyber attacks is rising tickly. who is behind -- rising quickly. who is behind most of them and what the president is doing about this problem. >>> hailed as a hero. why a british man who battled a shark, you can see here, to save children has now been fired from his job. degrees ofh for goddess skin you can feel and feel. ♪ i'm your venus only from venus embrace. for goddess skin you can feel and feel. ♪ i'm your venus the rule is whenever i have to get rid of something. shop like a fashionista. today i got these amazing designer heels. save like a maxxinista. what to get rid of this time? designer brands at t.j. prices. t.j.maxx. >>> dense fog advisory posted across
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